Drawdown Notices. The Corporation agrees that the Borrower may with the prior consent of the Corporation use a Drawdown request for a Term Fixed Rate Advance substantially in the form of the “Form of Request for a Term Fixed Rate Advance (“Drawdown Notice”) attached to this Annexure instead of the Firm Rate quote specified in the Fourth Schedule hereto. Once given, a Drawdown Notice is irrevocable and may not be withdrawn except with the prior written consent of the Corporation. Consent via the Client Portal, a digital platform or such other electronic media nominated by the Corporation is deemed to be written consent for this purpose. The Corporation will advise the Borrower as soon as practicable after it receives any request to withdraw a Drawdown Notice whether it has consented to the withdrawal and if the Borrower is required to pay any costs incurred by the Corporation in executing the withdrawal request. The Request for a Term Fixed Rate Advance Notice must be received by the Corporation no later than 12:00 noon on the second Business Day prior to the date the Advance is to be made or such later time or date as may be agreed by the Corporation either generally or in relation to Advances with specified characteristics or in relation to a proposed Advance. This includes notices submitted via the Client Portal, a digital platform or via such other electronic media nominated by the Corporation. Where a Drawdown Notice is used for the purpose of a Term Fixed Rate Lending Advance, the Corporation will as soon as practicable after it receives a request, issue a confirmation setting out the price and terms applicable for the Term Fixed Rate Lending Advance.
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